SPDR Gold MiniShares Trust $GLDM Stake Boosted by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC increased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293,305 shares of the company’s stock after buying an additional 43,046 shares during the period. SPDR Gold MiniShares Trust accounts for 18.5% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Hollow Brook Wealth Management LLC owned approximately 0.34% of SPDR Gold MiniShares Trust worth $106,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of SPDR Gold MiniShares Trust by 288.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 268 shares of the company’s stock worth $25,000 after acquiring an additional 199 shares during the period. Evergreen Advisors LLC bought a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter worth approximately $49,000. Guardian Partners Inc. purchased a new position in shares of SPDR Gold MiniShares Trust in the 3rd quarter valued at approximately $44,000. First Bancorp Inc ME purchased a new position in shares of SPDR Gold MiniShares Trust in the 2nd quarter valued at approximately $51,000. Finally, Basepoint Wealth LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $60,000.

SPDR Gold MiniShares Trust News Summary

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Gold’s contribution to the Swiss National Bank’s third-quarter profit highlights the value of the metal in central-bank reserves. The SNB reported a 7.6 billion-franc gain from gold, although the result does not directly improve GLDM’s near-term outlook. Swiss central bank posts bumper $23bn profit as gold, foreign assets soar
• Neutral Sentiment: Technical analysts are watching support near $3,950, $3,900 and the longer-term $3,886–$3,708 retracement zone. A stabilization at these levels could attract buyers, while further breaks would indicate additional downside risk for GLDM. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Persistent inflation, stronger-than-expected U.S. GDP and elevated real Treasury yields have increased expectations that the Federal Reserve could keep rates higher or resume tightening. Higher yields raise the opportunity cost of holding non-yielding gold and are the main catalyst weighing on GLDM. Gold and Silver Price Forecast: Hot PCE Lifts Hike Odds
• Negative Sentiment: Gold has broken key technical support and analysts describe the move as a bearish reversal or mass liquidation. Forecasts now warn of a deeper correction if $3,950 and $3,900 fail to hold. Gold Price Forecast – Gold Drops Below $4000
• Negative Sentiment: The Federal Reserve’s rate hold has not removed the possibility of a future hike, keeping bond yields supported and limiting gold’s appeal. This macro backdrop has pressured both gold and silver and is likely driving GLDM’s weakness. Gold Declines, Weighed by Tighter Monetary Policy Expectations

SPDR Gold MiniShares Trust Stock Performance

NYSEARCA GLDM opened at $76.83 on Monday. SPDR Gold MiniShares Trust has a twelve month low of $76.54 and a twelve month high of $109.74. The stock’s 50 day moving average is $84.27 and its 200 day moving average is $89.02.

About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.